The Australian Industry Group has called for the Federal Government to delay the commencement of the 2010 carbon emissions trading scheme (ETS) due to the current economic crisis. Supporters of the scheme, the group suggested the government pass legislation to ensure implementation, but has recommended the government postpone the scheme until 2012. “Businesses are strapped […]
New reports have shown that Australian families are struggling to make rental payments in the financial crisis, with many being laid off from their jobs and evicted from their houses. More than 7600 people have lost their homes in NSW while a further 28,000 are struggling to meet repayments and are flocking to the NSW […]
In his address at the NSW Chamber of Commerce luncheon in Sydney yesterday, Rudd spoke of the financial crisis and the need for all Australians to work together to get through the downturn.
Small business owners were left unimpressed by his address, according to Sydney Morning Herald reports, with one business owner claiming the speech was “all spin and no substance.”
Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]
With the sacking of 1850 Pacific Brands workers, the manufacturing industry is suffering and small businesses are the worst affected according to trade and industry consultant Martin Feil. According to Feil, federal and state manufacturing policy should place more emphasis on small business, as its current focus is on big business. “We’ve got hundreds of […]
Critics have labelled the payouts of Telstra CEO Sol Trujillo and Pacific Brands chief executive Sue Morphet as ‘greedy’ ‘obscene’ and a ‘corporate crime.’ After announcing he would leave Telstra in June, Sol Trujillo has received a $30 million golden handshake, despite the sacking of thousands in his time at the top. This follows news […]
Calls from unions to ‘Buy Australia’ to stem job losses and save what’s left, has been dismissed by industry groups, claiming it won’t stop jobs from being cut. The Textile, Clothing and Footwear Union has urged the Federal Government to guarantee redundant workers full entitlements and suggested that people buy Australian goods to support local […]
On the back of news that Pacific Brands will axe 1,850 jobs, phone companies Nokia and Vodafone and property developer Lend Lease have announced plans to shelve thousands of jobs, the latest companies to fall victim to the economic crisis. Lend Lease yesterday announced plans to cut 2,000 jobs worldwide, with 20 percent of the […]
Head of the largest ever woman-owned company to hit the stock market, recruitment expert Julia Ross shares her views on the world economic crisis. Global economic insecurity has Australian businesses asking themselves a number of important questions: how will it affect us? How bad is it going to get? How long will it last? And […]
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